Fintech major Razorpay has reportedly roped in four investment bankers to helm its upcoming initial public offering (IPO). Sources told Moneycontrol that the fintech giant has shortlisted Axis Capital, Kotak Mahindra Capital, JP Morgan and Citi as advisory to oversee the listing, adding that the company could add more investment banks to its kitty later if required. As per the report, Razorpay is looking to float a public issue in excess of $700 Mn (₹6,340 Cr), which will comprise a combination of primary and secondary issue of shares. “The IPO is likely to be a combination of primary and secondary issue of shares. These are early days but the plan is for the issue size to be in excess of $700 Mn,” a source reportedly said. This comes nearly a year after the fintech unicorn’s board approved a proposal to convert the startup into a public entity in March 2025. Two months later, the company reverse flipped back to India by merging its US-based parent entity with its Indian arm Razorpay Software Pvt Ltd. Earlier this year, reports emerged that the fintech major was soliciting bids from bankers like Kotak Mahindra and Axis Capital for its potential listing. At the… Read MoreInc42 Media
